Norway: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in Norway

The Norwegian m-xylene and xylenes market dropped significantly to $X in 2022, waning by -87% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a precipitous descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

M-Xylene And Xylenes Exports

Exports from Norway

In 2022, the amount of m-xylene and mixed xylene isomers exported from Norway skyrocketed to X tons, growing by 199% against the previous year. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 2,663%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, m-xylene and xylenes exports surged to $X in 2022. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 1,929%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for m-xylene and xylenes exports from Norway, with a 67% share of total exports. Moreover, m-xylene and xylenes exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.7% per year) and the United Arab Emirates (+206.3% per year).

In value terms, Sweden ($X) remains the key foreign market for m-xylene and mixed xylene isomers exports from Norway, comprising 70% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.3% per year) and the United Arab Emirates (+246.4% per year).

Export Prices by Country

The average m-xylene and xylenes export price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period under review, the export price, however, saw a slight downturn. The growth pace was the most rapid in 2014 an increase of 90%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+28.9%), while the prices for the other major destinations experienced mixed trend patterns.

M-Xylene And Xylenes Imports

Imports into Norway

In 2022, the amount of m-xylene and mixed xylene isomers imported into Norway fell significantly to X tons, with a decrease of -55.1% compared with the year before. Over the period under review, imports faced a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by 73% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes imports contracted markedly to $X in 2022. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 97% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) was the main m-xylene and xylenes supplier to Norway, with a 97% share of total imports. It was followed by France (X tons), with a 1.9% share of total imports. The third position in this ranking was held by the Netherlands (X tons), with a 0.8% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled +84.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.0% per year) and the Netherlands (-46.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of m-xylene and mixed xylene isomers to Norway, comprising 94% of total imports. The second position in the ranking was taken by France ($X), with a 3.7% share of total imports. It was followed by the Netherlands, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +80.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.6% per year) and the Netherlands (-49.3% per year).

Import Prices by Country

In 2022, the average m-xylene and xylenes import price amounted to $X per ton, rising by 13% against the previous year. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 66%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :